Archive for category: Premium

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. This weeks continued weakness targeted the 200-day average around 106.54 levels. Volatility in Global Equities picked up. Many benchmarks are testing their 200-day averages or breaching support levels. Stocks or indices that hold well in such environment will be the first ones to resume higher when momentum returns.

BTCUSD quickly recovered above 60K. Emphasizing the importance of focusing on the longer-term uptrend. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. 112.6 levels becomes the short-term support after the ETF completed the one month-long bullish flag forming between 110.45 and 112.6 levels. Bullish flag price target is around 120 levels. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. 112.6 levels becomes the short-term support after the ETF completed the one month-long bullish flag forming between 110.45 and 112.6 levels. Breakout is now resuming the uptrend. Bullish flag price target is around 120 levels. Strong support area is between 110.45 and 112.6 levels.

BTCUSD is consolidating earlier gains below the strong resistance area between 65K - 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. 60K continues to be an important support and an inflection point. ETHUSD had a sharp rebound from 2,800 levels and kept the uptrend intact. Price might be forming a possible cup & handle continuation. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels. Read More